Abstract
This paper examines the emerging pattern of international economic diplomacy and associated politics of development in Latin America. The regional economy of Latin America has been structured over time by external influences deployed through economic institutions controlled by great powers. This work reflects on the declining grip of the United States on Latin America and the rising Chinese and Brazilian influences as well as the impact of the emerging Indian private transnational firms in the region. It advances the existing literature on international economic relations in Latin America by unveiling the emerging governance architecture and regional economic dynamics.